Transcript

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Nnamdi stalked off to a shocking doctor twenty sixteen down seven percent on Monday the first day of trading in the new year that triggered Shanghai so called flock at break after the first time ever shutting down the market just after lunch breeding straight for the rest of the session going to market rate of the ppi cleaning explains what's going on probably work , major factor to blame , put in place during the height of the stock crash in Beijing , trying to keep , they do institutions executives from selling off in that wind up on you know pretty soon and that will allow all these institutions I start off loaded shares Beijing just implemented a new system where it's yes I three hundred and expected major benchmark index tracking , declined by five percent in a day trading halted for fifteen minutes , that happened in early afternoon that was supposed to give markets breathing space repair just intensify the panic trading resumed and you know what and another fifteen minutes or so markets were down seven percent metaphor circuit breaker and we saw train streams in the Shanghai and Shenzhen for the first time , it wasn't only China took a hit on Monday stocks in Japan Hong Kong and Korea old Frank well into the rent and ominous started January after a year racked with uncertainty across Asia